Frontier Capital Management Co. LLC Has $20.46 Million Stake in American Airlines Group Inc (AAL)

Frontier Capital Management Co. LLC cut its position in American Airlines Group Inc (NASDAQ:AAL) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 393,263 shares of the airline’s stock after selling 7,937 shares during the period. Frontier Capital Management Co. LLC’s holdings in American Airlines Group were worth $20,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in AAL. Vanguard Group Inc. grew its stake in American Airlines Group by 0.3% during the second quarter. Vanguard Group Inc. now owns 30,304,361 shares of the airline’s stock valued at $1,524,915,000 after acquiring an additional 93,279 shares in the last quarter. Carmignac Gestion grew its stake in American Airlines Group by 0.3% during the second quarter. Carmignac Gestion now owns 4,223,251 shares of the airline’s stock valued at $212,514,000 after acquiring an additional 13,700 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in American Airlines Group by 1.8% during the second quarter. Brandywine Global Investment Management LLC now owns 3,705,246 shares of the airline’s stock valued at $186,448,000 after acquiring an additional 64,713 shares in the last quarter. Boston Partners purchased a new position in American Airlines Group during the third quarter valued at $113,633,000. Finally, Hosking Partners LLP grew its stake in American Airlines Group by 0.4% during the third quarter. Hosking Partners LLP now owns 2,344,886 shares of the airline’s stock valued at $111,359,000 after acquiring an additional 9,522 shares in the last quarter. 81.27% of the stock is owned by hedge funds and other institutional investors.

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AAL has been the subject of several research analyst reports. Macquarie initiated coverage on shares of American Airlines Group in a research note on Monday, September 25th. They set a “neutral” rating and a $47.00 target price for the company. Cowen reiterated an “outperform” rating and set a $55.00 price objective on shares of American Airlines Group in a research report on Tuesday, September 26th. Zacks Investment Research lowered shares of American Airlines Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $51.00 price objective (up previously from $47.00) on shares of American Airlines Group in a research report on Monday, October 2nd. Finally, Buckingham Research reiterated a “buy” rating on shares of American Airlines Group in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $60.35.

American Airlines Group Inc (NASDAQ:AAL) opened at $58.06 on Monday. American Airlines Group Inc has a 12-month low of $39.21 and a 12-month high of $59.08. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65. The company has a market cap of $27,781.66, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 5.21 and a beta of 0.99.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.02. The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. American Airlines Group’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.80 earnings per share. equities research analysts forecast that American Airlines Group Inc will post 4.83 EPS for the current fiscal year.

In other news, CEO W Douglas Parker sold 224,572 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total value of $11,749,607.04. Following the completion of the sale, the chief executive officer now owns 1,925,242 shares in the company, valued at approximately $100,728,661.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $47.60, for a total transaction of $201,300.40. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

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American Airlines Group Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

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